I will also have a $10,000 car paid off.. but I'll only have $20,000 in savings when I first get married.. is that enough? or should I hold off on the marriage until I'm able to save more?? Any advice would be greatly appreciated. THANKS! :)
2007-10-21 14:13:15 · 6 answers · asked by gododjgjodjod 1 in Business & Finance ➔ Personal Finance
I almost feel like I shouldn't get married until I have AT LEAST $30,000 saved up. Do you agree with that?
2007-10-21 14:14:21 · update #1
I don't think my girlfriend is wanting to work much when we get married because I think she wants to start a family, so I need all the money I can get.
2007-10-21 14:21:12 · update #2
I haven't even graduated from college yet, but I only have one and half more years.
2007-10-21 14:21:54 · update #3
I haven't even graduated from college yet, but I only have one and half more years.
2007-10-21 14:21:55 · update #4
I haven't even graduated from college yet, but I only have one and half more years.
2007-10-21 14:21:56 · update #5
I think you are getting hung up on some arbitrary number.... 20K or 30K, it doesn't make that much difference.
An important thing is, you are getting ready for marriage and you made sure you are debt free. You also have enough savings that will get you through about 6 to 12 months of rough time, should you need it.
I think you should pat yourself on your back for having enough sense to be debt free before marriage, and even have emergency fund ready.
From there, work together with your future wife to build up your savings.
2007-10-21 14:23:36 · answer #1 · answered by tkquestion 7 · 0⤊ 0⤋
If you found a great partner, marry her.
It doesn't matter very much whether you have 20k or 30k in savings right now if you have a good job and a good partner.
Some debt is a good thing. If you can get a low interest rate, borrowing to buy a car or a house is a good deal.
I admire your dedication to savings, and that will be very helpful to you when you have a family, or kids in college, or when you retire, but there are also other things in life that are important, like finding a loving partner.
2007-10-21 21:21:01 · answer #2 · answered by hottotrot1_usa 7 · 0⤊ 1⤋
No, get married. You will never have or save enough that you think you need before marriage. Just do it and good luck to the both of you.
2007-10-21 21:20:54 · answer #3 · answered by Irish 7 · 0⤊ 0⤋
No. Can't you and your spouse save up and increase your savings together after you get married? How much debt and/or savings is your fiance bringing into the marriage?
Congrats on getting out of debt and saving!!!
2007-10-21 21:17:44 · answer #4 · answered by Anonymous · 0⤊ 0⤋
No!!
I married my wife when I had less than $500 with me ..
If you marry an intelligent person (who does not believe in "retail therapy"), money would be a minor aspect of your marriage!
2007-10-21 21:22:13 · answer #5 · answered by RS 4 · 0⤊ 0⤋
You will be about $40,000 ahead of most newlyweds. Yes, I realize I just said most couples start out $10,000 in the hole.
2007-10-21 21:44:00 · answer #6 · answered by STEVEN F 7 · 0⤊ 0⤋